Crude Oil — Weekly: Back at the Key Pivot

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Crude Oil — Weekly: Back at the Key PivotCrude Oil FuturesNYMEX_DL:CL1!The_STAAs they say, a picture paints a thousand words — and here we are again at the 93.74–95.03 pivot resistance, a zone that has proved key since 2022. Success or failure here dictates the direction of the next 15 big-figure move. A few things worth flagging on the weekly timeframe: MACD is just turning positive DMI is also turning positive, though ADX has yet to confirm a trend is underway Price is currently trading just above the weekly cloud Below, the 78.40 area (aligned with the 200-week MA) remains the key support/pivot from the 2025 range, with the 55.12/30 lows marking the base of that move. Taken together, this leans toward fortune favouring the upside — but I'd want to see a confirmed weekly close above 95.03 before treating that as anything more than a lean. Not trading advice, do your own research — for educational purposes only.